Bitcoin ETFs Snap Six-Day Negative Streak as Dip Buyers Return

💡 DMK Insight

So, crypto’s looking like a buy again, but here’s the catch: sellers just got flushed out, which can signal a potential reversal. When sellers capitulate, it often creates a vacuum that buyers can fill, pushing prices higher. This could be a key moment for day traders and swing traders to consider entering positions, especially if we see a confirmed breakout above recent resistance levels. Keep an eye on volume; if it spikes alongside price increases, that’s a solid confirmation. On the flip side, if this rally is short-lived and we see a quick reversal, it could trap late buyers. Watch for any signs of exhaustion in buying momentum, especially if prices start to stall. The next few days will be crucial for determining whether this is a genuine recovery or just a dead cat bounce.